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2330 Utah Avenue

Canvas Worldwide Leases 68301 SF Office From NSB Inc. At 2330 Utah Avenue El Segundo
LEASEDOffice

Canvas Worldwide Leases 68301 SF Office From NSB Inc. At 2330 Utah Avenue El Segundo

2330 Utah Avenue

Building Size

68,301 SF

Asset Type

Office

Closing

Sep 23, 2025

AI

The property involved in this transaction is an office building located at 2330 Utah Avenue in El Segundo, featuring a total square footage of 68,301. The landlord for this lease is NSB Inc., while the tenant is Canvas Worldwide, represented by brokers from JLL.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2330 Utah Avenue
  • Market: El Segundo
  • Landlord: NSB Inc.
  • Tenant: Paul Woolmington - Canvas Worldwide
  • Brokers: Jason Fine & Blake Searles - JLL
  • Lease Size: 68,301 SF
  • Previous Tenant Size: 36,000 SF in Playa Vista

Jason Fine and Blake Searles from JLL represented Canvas Worldwide in this lease transaction, while NSB Inc. handled the representation on their own as the landlord. The relocation signifies a significant increase in space for Canvas Worldwide from their previous location.

Players

Jason Fine

JLL

Broker

5 deals

Broker
JLL
JLLBrokerage
Paul Woolmington

Paul Woolmington

Canvas Worldwide

Tenant

1 deal

Tenant

El Segundo Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93